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Updated almost 4 years ago,
Tips for buying delinquent house owned by LLC
Hey there.
I'm temporarily out of state and thinking about buying a house here. I found a place near where I live now while walking around. No one cleans the snow for a long time so that caught my attention. I've checked at assessor's website and saw a delinquent tax from 2020. No payment at all in 2020. I'm checking every day and I am pretty sure that no one lives there (the only thing is, the light in the basement is switched on, which I can see every evening!). The house was sold end of 2019.
After checking a bit deeper, found that this house is owned by LLC. The "owner" lives in a different city.
Question: What can it be??? Who has an experience in wholesaling the houses like that? Any pitfalls? Actually, I'm going to buy something for myself and not for wholesale. Any tips?
Thanks in advance,
Zi.